The pair benefited from recurring positive pressure, driven by Stochastic approaching overbought territory, pushing it to break above the 212.00 resistance level. It recorded some gains yesterday, surging toward 213.00 before staging an intraday pullback, while maintaining its stability above the broken resistance.

 

Continued positive closes above the current resistance level would give the price an opportunity to achieve further gains toward 213.55, followed by 214.20 in the near term. However, a return to the bearish trend would require a sharp decline, with the price settling below 210.40.

 

The expected trading range for today is between 211.80 and 213.55

 

Trend forecast: Bullish